Prices for flat products in northern Europe are expected to decline by another 5-8% until the end of October, according to MBI Infosource analyst Peter Fertig. Speaking at MBI’s annual Stahltag event in Frankfurt, Fertig highlighted that the negotiation position of mills will likely weaken over the next six weeks.
The price of cold rolled coil in Germany is currently at its lowest since December 2022, assessed at €660 per tonne ex-works. Fertig also noted that several unexpected factors, such as geopolitical conflicts, have disrupted market forecasts, further complicating the outlook for the steel industry.